Business

Retail

Ulta Beauty released its first quarter (Q1) earnings for the fiscal 2022 year with sales up 21% to $2.3 billion compared to the same quarter last year. Net profits soared 44% over Q1 2021 to $331 million.

Markets are set to rebound from a seven-week losing streak after strong earnings results.

Macy's reported owned sales increase of 12,4%, fully diluted earnings of $0.32. Company raised its estimates for 2022.

Her Majesty The Queen has become the first British Monarch to celebrate a Platinum Jubilee therefore marking 70 years of service to the United Kingdom and there is an air of excitement in the build up for festivities.

Analysts are still seeing opportunities in the consumer, healthcare and energy sectors.

From giving emerging AAPI brands their big break to selling goods that remind AAPI immigrants of home, this New York City institution continues to make Asian Americans and Pacific Islanders feel seen.

With a population of 274 million and a growing tech-savvy middle-class, Indonesia has an increasing appetite for consumption. The country is represented by six startups in the Retail and Ecommerce category.

Rhode Island has become the 19th state to legalize adult-use marijuana. As expected, Gov. McKee has signed a legalization bill into law.

Retailers have seen a big selloff in recent weeks as several major companies reported that profits took a hit from inflationary pressures.

The Fed signaled that it would be prepared to be even more aggressive about hiking rates.

Many retailers have suddenly found they have too much of the wrong kinds of inventory.

Even for those businesses that have seen good growth through these challenging times – they will have worked harder for that.

Evan Yurman, son of founders David and Sybil Yurman and now president of David Yurman jewelry company, has achieved a milestone by opening the company's first international boutique in Paris. Evan sees this as only the beginning of its evolution as a luxury legacy brand.

Nike suspended most of its operations in Russia in March but several independently authorized stores remained open.

Nordstrom banner stores increase 23.5% and Rack stores increased 10.3%.

The new owners of Toys R Us have unveiled their first global marketing initiative since taking control of the brand.

Co-founder and CEO, Emmanuel Eribo is a serial entrepreneur passionate about start-ups with experience across multiple sectors - but footwear does seem to be his calling.